Spotify promises HiFi feature is still on the horizon.

TL;DR Summary
Spotify co-president Gustav Söderström confirmed that the streaming service is still working on its high-res audio tier, HiFi, but did not provide any launch date or support for spatial audio. Söderström hinted that the cost of HiFi and deals with music labels are major factors to the delay and that Spotify wants to do something "unique" with HiFi. The delay is also attributed to the company's need to adapt to a changing industry.
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